What is the difference between a buyer’s and a seller’s agent?

When buying or selling a property, buyers and sellers are represented by a real estate agent. However, there is a key difference between a buyer’s and a seller’s agent: the primary goal of each. In New York, a real estate agent is required to provide full disclosure of whom they are representing. Buyer’s agents are employed by the buyer and are hired to represent the buyer in all matters of purchasing a property. Their primary goal is to secure the best possible deal for their client by negotiating, researching, and offering advice on the best way to proceed. Their loyalty is to the buyer and all communication and negotiations are meant to benefit their client. On the other hand, a seller’s agent is employed to represent the seller in the sale of the property. Their job is to secure the best possible price and terms for their client. They help their client market the property, arrange viewings, and negotiate with potential buyers. Their loyalty is to the seller and any communication with potential buyers must be in the seller’s best interests. Ultimately, both buyer’s agents and seller’s agents are responsible for protecting their clients’ interests and helping them acquire a favorable agreement when it comes to the purchase or sale of residential real estate in New York.

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What is the difference between a buyer’s and a seller’s agent?

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